Hi, i am a newbie, which is real blockchain? etc or eth?
Etc is the original and eth is forked and not the original any more
Actually neither are the original.
Ethereum has forked more than once and will fork many times more, this was even apart of their roadmap.
Forks are needed to be cutting edge.
Of course the DAO hack fork was
not a technical fork but rather an ideological fork that many people had an issue with.
I have no issue people investing in ETC, however I am worried that the thief spread a lot of ETH fud to keep ETC value high for their exit.
I believe the thief is still paying people off till this day to discredit all of the Ethereum team and foundation to get as many suckers in before they finally fully cash out.
True the balance changes is the critical point though and you can't trust a blockchain if it can be edited. The only point of a blockchain is not to edit history.
To be fair any blockchain can be edited, also it's not like the fork stole the funds from the hackers addresses.
Yes they edited history, but only the DAO contract. The DAO contract had a time limit on withdrawing funds so that the hacker never actually got any funds to their addresses.
I am quite sure that if the DAO had paid out immediately to the hackers address, nothing could be done as it would have been too late.
Although to a certain degree I believe the fork to be a disaster as ETC is currently worth more than the DAO hack.
This means that ETH has actually lost more market cap as a result of the fork than the hack cost.
I argue that the needs of the many outweigh the few and the hack should have not been forked as it has damaged Ethereum's reputation and allowed ETC to exist to the tune of $100mm.
And I really don't like the Ethereum developers talking about the
innocent DAO investors, seriously that is a load of rubbish.
No one investing in a experimental program/contract (DAO) on top of an experimental platform (Ethereum) in an experimental space (CryptoCurrency) is innocent and should expect a bail out when things go wrong.
Everyone one here is here for the 10 - 10000 times returns on their gamble. That applies to BTC, ETH, ETC, XMR, etc...
None of the people that invested in the DAO are innocent cautious investors and I think that it's a damn shame that they took this path.
But with that said, I still stand by the current version of Ethereum because that is where the people have moved onto and to many outside, the fork was the mature thing to do, and that has lended a lot of credibility to the Ethereum Foundation and miners.
Yes it was wrong and selfish, but ETC just doesn't have any backing or support at this point in time and all developments are moving ahead on ETH.
When the fork happened it had 85% support, that says something.
ETC probably doesn't have a future.